Elmwood is located in east Nebraska. Elmwood is part of Cass County. Elmwood has 0.38 square miles of land area and has no water area. As of 2010-2014, the total Elmwood population is 550, which has shrunk 17.66% since 2000. The population growth rate is much lower than the state average rate of 8.44% and is much lower than the national average rate of 11.61%. Elmwood median household income is $56,875 in 2010-2014 and has grown by 53.17% since 2000. The income growth rate is much higher than the state average rate of 33.50% and is much higher than the national average rate of 27.36%. Elmwood median house value is $114,600 in 2010-2014 and has grown by 51.39% since 2000. The house value growth rate is higher than the state average rate of 47.84% and is higher than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Elmwood is better than the state average in quality. The Elmwood area code is 402.